Deluxe Corp: New 52-Week Low Set Today (DLX)

Written on Fri, 10/12/2018 - 10:17am

By David Diaz

Deluxe Corp (NYSE:DLX) traded today at a new 52-week low of $51.62. This new low was reached on below average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 332,000 shares.

Deluxe Corp has overhead space with shares priced $51.84, or 48.2% below the average consensus analyst price target of $100.00. Deluxe Corp shares should first meet resistance at the 50-day moving average (MA) of $57.48 and find additional resistance at the 200-day MA of $67.60.

In the past 52 weeks, shares of Deluxe Corp have traded between the current low of $51.62 and a high of $78.87 and are now at $51.84. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Deluxe Corp on May 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $67.34. Since that call, shares of Deluxe Corp have fallen 22.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.